Davis Polk partner Ted Polubinski was quoted in an article by Bloomberg Law discussing a new litigation report published by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.

The article highlights the report’s findings that unrealized AI promises and cryptocurrency issues have contributed to a rise in high-dollar securities suits in the first half of 2025. In discussing this increase, Ted notes that AI is “the flavor of the day for plaintiffs’ lawyers,” and that the plaintiffs’ bar is using hindsight to claim companies “should have anticipated more, back when AI was less of a focus than it is currently.”

Addressing the report’s findings on the increase in big-dollar cases measured by drops in market capitalization, Ted said, “I suspect that reflects greater volatility in the market. These likely reflect non-company-specific macroeconomic factors, which may have had a disproportionate impact on some companies.”

AI, Big-Dollar Suits Dominate Data on New Investor Class Actions Bloomberg Law (July 31, 2025) (subscription required)

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